The Greedy Trader Weekly Analysis
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Number of records: 10
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Costco Co.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Broken trend resistance lineA Parabolic SAR indicator is below and near the price
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It was a first positive week for the Costco Co. (COST). During the week, the COST climbed 0.64 points, or 0.31%, and closed at 209.62 on Friday, July 06, 2018. Weekly volume was -51% below average.

COST is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See COST long-term trend chart]
A long-term uptrend had started on May 24, 2000 at 25.94 and reached 212.46 on June 26, 2018. COST gained -186.52 points, or -719.04%, in 943 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (36.35) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See COST medium-term trend chart]
A medium-term uptrend had started on September 19, 2008 at 30.70 and reached 212.46 on June 26, 2018. COST gained -181.76 points, or -592.05%, in 509 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (167.02) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See COST weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See COST short-term trend chart]
A short-term uptrend had started on February 9, 2018 at 175.79 and reached 212.46 on June 26, 2018. COST gained -36.67 points, or -20.86%, in 137 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (202.56) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See COST daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 28, 2018. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (211.15) comes close to the price (209.62). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.03
Williams' Percentage Range (W%R) 46.40
Lane's Stochastic (%D-Slow) 41.29
Greed/Fear Indicator (GFI) 50.97
Moving Average Converg./Diverg. (MACD) 2.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.96
Williams' Percentage Range (W%R) 16.40
Overbought
Lane's Stochastic (%D-Slow) 90.14
Strong Overbought
Greed/Fear Indicator (GFI) 80.01
Overbought
Moving Average Converg./Diverg. (MACD) 6.07
Trading Signals
Description Value Chart
Upper Bollinger Band 211.57
Parabolic System 211.15
Weekly Stochastic Crossing 210.84
Price 209.62
Daily Stochastic Crossing 208.47
20 Day Moving Average 207.79
Weekly Trendline Resistance 204.43
Weekly Trendline Support 202.56
Lower Bollinger Band 202.24
Quarterly Trendline Resistance 202.18
50 Day Moving Average 201.39
Sector and Industry
Description Name Rank
Sector Services 8
Industry Discount Variety Stores 102
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 180.83
Low Date 03/23/2018
High 212.46
High Date 06/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 204.43
Support 202.56
Low 175.79
Low Date 02/09/2018
High 212.46
High Date 06/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.00
Low Date 07/21/2017
High 212.46
High Date 06/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 202.18
Support 167.02
Low 30.70
Low Date 09/19/2008
High 212.46
High Date 06/26/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 121.40
Support 36.35
Low 25.94
Low Date 05/24/2000
High 212.46
High Date 06/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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